What Is Coinbase Borrow?

Coinbase, one of the world's leading cryptocurrency exchanges, offers a range of financial services beyond just buying, selling, and trading crypto. One of its standout features is Coinbase Borrow, a loan service that allows users to access cash by using their cryptocurrency holdings as collateral. This service is designed to provide liquidity without requiring users to sell their crypto assets.

What is Coinbase Borrow?

Coinbase Borrow is a loan service that enables eligible users to borrow up to $1,000,000 (or the equivalent in local currency) by using their Bitcoin (BTC) as collateral. The loan amount is determined based on the value of the collateral and the user's eligibility.

Key Features of Coinbase Borrow

Collateral-Based Loans:

Users can borrow cash by using their Bitcoin holdings as collateral.

No need to sell your crypto, allowing you to retain ownership and potential future gains.